https://www.taxtmi.com/forum/issue?id=114843 Supplier issued invoice for capital goods supplied free of cost; one view invokes the proviso to rule 37 to deem value paid and avoid reversal of recipient ITC, while the alternate view applies the proviso to the second proviso of section 16(2), requiring the recipient to add the ITC to output liability if it fails to pay the supplier within the prescribed period, and notes supplier ineligibility for ITC on gifts or free supplies. en-us Mon, 08 Apr 2019 16:39:29 +0530 Thu, 23 Jan 2025 15:55:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114843 Supplier issued invoice for capital goods supplied free of cost; one view invokes the proviso to rule 37 to deem value paid and avoid reversal of recipient ITC, while the alternate view applies the proviso to the second proviso of section 16(2), requiring the recipient to add the ITC to output liability if it fails to pay the supplier within the prescribed period, and notes supplier ineligibility for ITC on gifts or free supplies. Discussion-Forum GST Mon, 08 Apr 2019 16:39:29 +0530 https://www.taxtmi.com/forum/issue?id=114843